Stocks to Watch: Netflix, IBM, U.S. Bancorp, United Continental, Facebook, Tesla, Winnebago
October 17 2018 - 09:30AM
Dow Jones News
By Francesca Fontana and Jessica Menton
Here are some of the companies with shares expected to trade
actively in Wednesday's session. Stock movements noted by ticker
reflect movements during regular trading hours; premarket trading
is specified separately.
Netflix Inc. -- Up 9.6% premarket: The video-streaming giant
topped growth expectations in the third quarter, adding 6.96
million subscribers in the period, up from its forecast of 5
million.
International Business Machines Corp. -- Down 5.1% premarket:
IBM missed revenue estimates in the most recent quarter, its first
sales decline following three consecutive quarters of growth.
U.S. Bancorp -- Up 0.9% premarket: Revenue grew at a quicker
pace than expenses in U.S. Bancorp's third quarter as the regional
bank reported a 16% increase in profit from a year earlier.
United Continental Holdings Inc. -- Up 5.2% premarket: The
third-largest U.S. carrier by traffic boosted its profit outlook
for the year, as higher fares and cost cuts offset surging fuel
prices in the period ended Sept. 30.
Lam Research Corp. -- Up 6.4% premarket: The chip-equipment
maker forecast better-than-expected sales for the final three
months of the year, with the midpoint of its revenue outlook at
$2.5 billion.
Facebook Inc. -- Down 0.1% premarket: Facebook knew of problems
with how it measured viewership of video ads for more than a year
before it disclosed them in 2016, according to a complaint filed
Tuesday by some advertisers.
Tesla Inc. -- Up 1.2% premarket: Elon Musk's electric-vehicle
maker is speeding up construction of a plant in Shanghai in
response to the U.S.-China trade dispute.
Winnebago Industries Inc. -- Up 8.2% premarket: Winnebago beat
expectations for fourth-quarter profit and revenue, reporting
higher sales driven by its towables segment.
Abbott Laboratories -- Down 2.6% premarket: Abbott Laboratories
met expectations in its third quarter while narrowing its
outlook.
This is a version of the "Stocks to Watch" section of our
Markets newsletter. To receive it every morning via email, click
here.
Write to Francesca Fontana at francesca.fontana@wsj.com and
Jessica Menton at jessica.menton@wsj.com
(END) Dow Jones Newswires
October 17, 2018 09:15 ET (13:15 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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